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9 Daily Newsletter- AGRI COMMODITY

8JULY 2013

MARKET WRAP
Soya oil is up by 0.5% @ 684. Guar gum and Guar seed up by more than 1.5% % in today trading session. NCDEX Soybean OCT. contract closed @ 3139/quintal registering a loss of .82% on FridayOpen:3130 High:3174 Low:3105 Close: 3165 NCDEX Turmeric August contract closed down by 2.5 % on Friday Open: 5886 High: 5900.5 Low: 5754 Close: 5808.

STRATEGY FOR MONDAY


NCDEX Turmeric for August delivery may trade negative on Monday Resistance: 5900, 6220 Support: 5760, 5561 NCDEX August Chana is going down continuously and making lower lows However the Momentum indicator is making higher low indicating divergence. There is probability of trend reversal to the upside.

NCDEX castor seed for August delivery looks bearish and further down side is expected from current levels.

The trend in NCDEX soy oil for August delivery looks bearish and sell on rise is advised to the traders.

DAILY MARKET UPDATE:COMMODITY SOYABEAN (18OCT 2013 ) 3139.00 REFINED SOYA OIL (20AUG2013) DHANIYA (20AUG2013 ) 6195.00 JEERA (20AUG2013 ) 13477.00 TURMERIC (20AUG2013 ) 5900.00 CHANA (20AUG2013 ) 3109.00 GUARSEED (18OCT 2013 ) 5670.00 GUARGUM (18OCT 2013 ) 16860.00 CASTORSEED (20AUG2013 ) 3568.00 RMSEED (20AUG2013 ) 3490.00 3475.00 -16.00 -.11 3453.00 79.00 2.21 17050.00 190.00 1.12 5810.00 140.00 2.4 3052.00 -57.00 1.83 5808.00 -92.00 1.55 13432.00 -55.00 .40 6131.00 -64.00 -1.03 679.00 684.00 5.00 .73 3165.00 26.00 .82 P.CLOSE LAST CLOSE NET CHANGE % CHANGE

TECHNICAL VIEW
CHANA (AUG.)

TREND STRATEGY

BEARISH SELL ON HIGHS 3200 3145 3025 3940

RESISTANCE

SUPPORT

CASTORSEED (AUG)
TREND STRATEGY CONSOLIDATE SELL ON HIGHS 3600 3630 3530 3500

RESISTANCE

SUPPORT

SOYABEAN (OCT)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 3180 3220 3100 3050

RESISTANCE

SUPPORT

TIMERIC (AUG)

TREND STRATEGY

CONSOLIDATE BUY ON DIPS 6220 5900 5760 3540

RESISTANCE

SUPPORT

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